New Delhi, April 13 -- Property tax, which accounts for nearly one-fourth of Municipal Corporation of Delhi's internal revenue, saw a decline in collection following reports of exemptions and rebates announced on February 25. According to official data, the Municipal Corporation of Delhi (MCD) collected '2,132.89 crore in property tax during FY 2024-25, down from '2,163.57 crore collected in the previous fiscal. Recently, there have been reports regarding 100 per cent exemption of properties below 100 sq. yards and 50 per cent rebate for properties between 100-500 sq yards on the basis of Resolution/Announcement on February 25, 2025.
"The collection of Property Tax in 2024-25 is '2132.89 crore as compared to '2163.57 crore in the previous ...